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...It shipped the first commercial cargo of LNG, from Algeria to the UK, in 1964 and later that decade was instrumental in developing the Asian LNG market as a partner in Brunei LNG....
...new [LNG] projects in order to [redirect] the gas that it had previously sent into Europe”....
...The US is the world’s largest LNG exporter....
...the Biden administration plans to hold its LNG pause....
...Russia is now the bloc’s second-biggest LNG supplier after the US, accounting for 16 per cent of total imports last year....
...American oil and gas lobby groups have hit back against Joe Biden’s freeze on new permits for LNG infrastructure, lodging a legal filing that urges the Department of Energy to reconsider the suspension....
...The company said LNG prices had dropped to more normal levels in 2023 after a surge in 2022....
...energy secretary said the country would remain the world’s top exporter of liquefied natural gas, as energy producers continued to criticise the White House’s decision in January to pause permits for new LNG...
...The widely followed report, released on Wednesday, said LNG demand was expected to reach 625mn to 685mn tons in 2040, from 404mn tons in 2023....
...The company added that it did not expect to take any LNG from the project this year....
...Souki – a pioneer of the US LNG industry – will be replaced as chair by Martin Houston, with whom he co-founded Tellurian in 2016....
...At worst, the halt might affect projects with up to 100mn tonnes per annum of LNG capacity, says Wood Mackenzie. That’s about the same as the operating LNG capacity today....
...Thanks for reading — Myles Cutting through the noise on Biden’s LNG export freeze Last week, Biden announced the most significant intervention in US LNG in a decade....
...LNG is natural gas liquefied by cooling it to minus 162C....
...Additional LNG capacities will go a long way to alleviate the market tightness. But will the boom, led by the US and Qatar, create a LNG glut?...
...But the market is set to get more LNG than it bargained for....
...Qatar’s expansion plans come as the US pauses approvals for new LNG terminals along its coastline while it takes a “hard look at the effects of LNG exports on energy costs, America’s energy security and...
...“Biden’s LNG export pause creates uncertainty and costs jobs.” Aside from Shapiro, other high-profile Democrats have put pressure on Biden over the issue....
...“To see us potentially pause LNG for political purposes, it’s disheartening, really disheartening.”...
...The Biden administration has paused licences for new LNG export projects....
...A combination of the two Australian companies would have created an LNG group with similar volumes to those of BP....
...Venture Global’s Calcasieu Pass LNG plant, located on the Gulf coast in Louisiana, started producing LNG in January 2022 and exported its first cargo two months later....
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